What is Hyperion HFM?
What is Hyperion HFM?
Hyperion HFM is a finance solution from Oracle that manages the burden of the consolidation and close process that takes away time and resources that could better be used for analysis and decision-making.
The Hyperion solution helps companies large and small optimize and improve their financial close with detailed functional support for complex consolidations, intercompany eliminations, currency analysis, close process management, and data collection. It effectively and efficiently managing the consolidation and close, end to end. Preconfigured consolidation models allow you to meet global reporting requirements like International Financial Reporting Standards (IFRS) and generally accepted accounting principles (GAAP).
There is limited need for customization as cash flow, balance sheet, income statement, rollovers, and more are automatically calculated. However, customizations are available to help support needs not met by the out-of-the-box content. And, it still gives you the flexibility to easily accommodate complex legal and management rollups including unique business calculations and reporting requirements without the need for complicated scripting. Hyperion HFM helps ensure that processes are dependable, accurate, timely, transparent, compliant, and auditable.
Features of Hyperion HFM include:
- Automatic default intercompany eliminations
- Currency translation with automatic foreign exchange and currency translation adjustment
- Robust journal module with supported workflow
- Automated cash flow reporting
- Supporting schedules for supplemental data collection
- Intelligent Process Automation and automated Consolidation
MindStream Analytics is an award-winning consulting firm focused on helping our clients improve business understanding and decision making. With years of experience in the Enterprise Performance Management (EPM) area, MindStream offers services ranging from software selection and implementation to advisory and managed services with their award-winning AppCare solution
MindStream has a team of experts with over a decade of experience in the EPM space. Our consultants have a blend of business and technical experience, which is vital for strategic finance solutions. By keeping pace with today's technology advancements, our consultants help companies understand how to proactively manage performance by using the data that drives your business, tracking and reporting on financial performance, and leveraging analytics for deeper insights and competitive advantage.
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